Cotton Plant with Multiple Pieces
After early session strength took cotton prices to new highs again on Thursday, futures have faded into midday and are trading 76 to 113 points in the red. New crop cotton also set new LOC highs, but prices are 20 to 39 points weaker for midday.Â
Chinese Zhengzhou Cotton Prices are also rallying, though the front month is still 155 yuan under the October high. The March contract was 22,175 yuan/MT on 1/19 (~ $1.586/lb).
The Cotlook A index was 145 points stronger on 1/19 to 134.55 cents. The AWP for cotton for is 105.58 cents/lb.Â
Mar 22 Cotton  is at 123.05, down 90 points,
May 22 Cotton  is at 119.78, down 67 points,
Dec 22 Cotton  is at 98.83, down 35 points
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